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Acquisition

16th Feb 2011 07:00

RNS Number : 3028B
BAE SYSTEMS PLC
15 February 2011
 



 

BAE Systems completes acquisition of L-1 Intelligence Services Group

 

15 Feb 2011

Further to the announcement of 20 September 2010, BAE Systems has completed the acquisition of L-1 Identity Solutions, Inc.'s Intelligence Services Group (ISG) for a total purchase price of approximately $297 million in cash.

 

ISG is comprised of SpecTal, LLC, Advanced Concepts, Inc., and McClendon, LLC. The ISG operations will become an integral, complementary part of BAE Systems' growing Intelligence & Security sector.

 

 

Issued by:BAE Systems plcLondon

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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